Abdel Baset El Sayeh Appointed as RSNCRP Chairman

• Monday, 9th September 2019
• by Editorial Team

The founding assembly of the Red Sea National Company for Refining and Petrochemicals (RSNCRP) has selected Major General Eng. Abdel Baset El Sayeh as its new Chairman, PFN reported. RSNCRP is a joint venture (JV) bet...

SABIC Not Seeking to Acquire Clariant

• Monday, 29th July 2019
• by Editorial Team

Saudi Basic Industries Corporation (SABIC) has denied interest in acquiring Switzerland’s Clariant, SABIC CEO Yousef Al-Benyan told Asharq Al-Awasat. SABIC owns a 25% stake in Clarent, which recently revealed th...

Al Yasat Petroleum Awards FEED Contract to NPCC, Petrofac

• Monday, 29th July 2019
• by Editorial Team

Al Yasat Petroleum Company has awarded a Front End Engineering Design (FEED) services contract to the National Petroleum Construction Company (NPCC) and its joint venture (JV) partner Petrofac for the Belbazem Block D...

Aramco, BHGE Sign MoU for Non-Metallic Facility

• Tuesday, 2nd July 2019
• by Editorial Team

Saudi Aramco and Baker Hughes, a GE Company (BHGE), signed a memorandum of understanding (MoU) to establish a joint venture (JV) production facility to manufacture non-metallic materials in Saudi Arabia. This agreemen...

SABIC Extends Ar-Razi Partnership Deal for 20 Years

• Monday, 1st July 2019
• by Editorial Team

Saudi Basic Industries Corporation (SABIC) announced that it has renewed its partnership agreement with the Japan Saudi Arabia Methanol Company (JSMC) for another 20 years. The agreement concerns the Saudi Methanol Co...

Aramco, Petronas Start Operations at Pengerang Naphtha Cracker

• Thursday, 20th June 2019
• by Editorial Team

Saudi Aramco and Malaysia’s Petroliam Nasional Berhad (Petronas) have begun operations at their new naphtha cracker, industry sources told Reuters. The cracker, which is part of the $2.7 billion Refinery and Petrochem...